Our Solution
Portway Finance was approached by clients looking to review their existing mortgage and explore whether a more competitive solution was available. Their property was valued at £2,750,000, with an outstanding mortgage of £1,787,500 at 65% loan-to-value.
Following a review of the market, we identified an opportunity to refinance the clients from their existing private lender onto a high street mortgage, securing significantly lower interest costs and reduced product fees.
Using our knowledge of the residential mortgage market, we sourced a lender offering terms that better suited the clients’ long-term financial objectives and managed the remortgage process from application through to completion, ensuring a smooth transition between lenders.
The Outcome
The remortgage completed successfully, enabling the clients to:
- Move from a private lender to a high street mortgage
- Reduce their interest costs
- Lower product fees
- Strengthen their long-term financial position
This case demonstrates the value of regularly reviewing existing mortgage arrangements. As market conditions and lender appetite change, refinancing to a mainstream lender can often unlock significant savings and provide a more suitable long-term funding solution.
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